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Across the country, small and rural communities grapple with economic challenges and an aging housing stock that leads to similar outcomes: a flood of VAD properties that threaten the health, safety, and resilience of these residents. We spoke with Taylor Bennett , Executive Director of the West Virginia Land Stewardship Corporation (WVLSC).
81 percent of land banks consider supporting the creation of affordable housing a top priority. Increasingly, land banks have been called on to respond to growing housing affordability needs. Land bank funding mechanisms vary widely by state and local legislation. The vast majority of land bank inventory is vacant land.
Then, I heard that New York was exploring legislation to allow municipalities and counties to create land banks. After New York passed this landmark land bank-enabling legislation, I worked with County and local officials to help establish the Broome County Land Bank in 2012, one of the first land banks in the state. I wondered.
Housing costs and supply are dominating the news at the moment. Housing is the highest monthly bill typical Americans face, reaching an average of $1674 a month in 2021. Housing prices have increased far faster than incomes (Miller 2015), making affordable homeownership inaccessible for many aspiring homeowners (Hackett et al.
I went house-to-house with a clipboard documenting the conditions of vacant properties that dotted its beautiful brick streets. Ideally, families would once more be able to call these derelict properties home—but we were unsure exactly how to make that happen. Click here to learn more about our services and approach.
Identify untapped market potential to build stronger housing markets. In an example that West Virginia Land Stewardship Corporation Executive Director Taylor Bennett shared, property tax sale process reform efforts in West Virginia had stalled. But conditions in the community development landscape can also change quickly.
Advancing data governance and stewardship practices to build trust and enable secure data sharing between departments, including safeguarding privacy. Just as a shaky foundation undermines even the sturdiest house, flawed data diminishes the value of the most advanced algorithms.
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